Oliver Elirani and April Lincoln launch consulting firm Ollen Group
A “siloed, non-personalised” approach to consulting is “no longer viable” in the wake of Covid-19, according to the founders of…
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Mashreq Bank's nine-month 2020 net profit down to Dh352m from Dh1.76b
Mashreq Bank saw a sharp drop in net profit for the first nine months of 2020 to total Dh352 million,…
Surge in high net worth Gulf nationals in the UK
High net worth individuals from Gulf countries have been increasingly moving to the UK, according to private wealth law firm…
Praemium doubles down on Dubai
Managed accounts platform Praemium is set to increase headcount in the UAE by 50%. The Australia-headquartered firm is growing…
A partnership between Mashreq and Dubai Commodities to support growing companies
Mashreq Bank and Merchandise Center in Dubai announced the signing of a cooperation agreement to enhance support for small and…
Saudi Aljazira Takaful reports 14% profit decline in Q3
Aljazira Takaful Taawuni Company reported on Sunday a 13.8% annual slump in quarterly profits to SAR 7.9 million. This…
Dubai's private sector output slips to a five-month low in October, IHS Markit finds
Private sector activity in Dubai dropped to its lowest point in five months during October, hampering economic recovery from the…
Saudis targeted in new wave of financial scams
Convincing-looking fraudulent messages and misleading online adverts are rife in the digital world, so it is not surprising that some…
Qatar businessmen keen on Islamic finance in PH
Qatari businessmen are pushing for the planned cooperation on Islamic banking with the Philippines as they looked into collaboration in…
Top UAE banks report lower Q3 profits on higher impairments
Challenging macroeconomic conditions—low interest rates leading to repricing of portfolios, falling oil price and disruptions to economic activities due to…
Kamco Invest cuts 9-month losses to $4.5mln
Kuwait-based Kamco Invest, a financial powerhouse, has posted a net profit of KD2.5 million ($8.15 million) in Q3 2020 (Q3…
Saudi SABB Takaful Q3 losses widen 108%
The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…